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of <h1>Stock brokers violating SEBI Act face fines, suspension, or prosecution under Section 24; regulations updated in 2003, 2008, 2018.</h1> A stock broker who violates the provisions of the Securities and Exchange Board of India (SEBI) Act, rules, or regulations may face several consequences. These include monetary penalties under Chapter VIA of the Act, penalties such as suspension or cancellation of their registration certificate as specified in Chapter V of the SEBI (Intermediaries) Regulations, 2008, and potential prosecution under section 24 of the Act. Amendments to these regulations have been made over time, including changes in 2003, 2008, and 2018, affecting the scope and application of these penalties.
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